Group Plans
SBI Life – Kalyan ULIP Plus
Synopsis:
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This plan offers –
- Security – take care of the protection and retirement needs of your employees
- Reliability – dedicated service team
- Flexibility – design the scheme for your employees as per your requirements
Benefits:
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Scheme Benefit:
Depending on the scheme rules, the benefits are payable in the event of death, retirement, resignation, withdrawal or exit due to other reasons. These benefits will be paid from the policy account of the master policyholder or member as applicable
Insurance Benefit:
In the event of death of the member, Sum Assured of 1,000 will be paid to the nominee.
This benefit is available under Leave Encashment and Gratuity schemes and is payable in addition to the scheme benefit.
Tax Benefits:
Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details.
|
Minimum |
Maximum |
Age of Entry |
18 Yers |
79 Years |
Maturity Age |
N.A |
30 Years |
Group size |
10 Members |
No Limit |
Term |
1 Year |
No Limit |
Premium * at Inception |
Rs.50,000 |
No Limit |
Subsequent Installment Premium* |
Rs.5,000 per installment |
No Limit |